Camden Property Trust (NYSE:CPT) EVP Sells $68,486.88 in Stock

Camden Property Trust (NYSE:CPT) EVP William W. Sengelmann sold 763 shares of Camden Property Trust stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $89.76, for a total transaction of $68,486.88. Following the transaction, the executive vice president now directly owns 71,836 shares of the company’s stock, valued at $6,447,999.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Camden Property Trust (NYSE:CPT) traded up 0.32% during trading on Wednesday, reaching $90.35. 516,337 shares of the company’s stock were exchanged. The company has a market capitalization of $7.92 billion, a P/E ratio of 20.21 and a beta of 0.37. Camden Property Trust has a 12-month low of $75.36 and a 12-month high of $90.83. The stock has a 50-day moving average price of $87.42 and a 200 day moving average price of $83.76.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $222.40 million for the quarter, compared to analyst estimates of $222.44 million. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 earnings per share. Equities analysts expect that Camden Property Trust will post $1.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.32%. The ex-dividend date was Wednesday, June 28th. Camden Property Trust’s dividend payout ratio (DPR) is 67.11%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Camden Property Trust by 3,883.3% in the first quarter. BlackRock Inc. now owns 10,140,490 shares of the real estate investment trust’s stock valued at $815,902,000 after buying an additional 9,885,917 shares during the period. Morgan Stanley increased its position in shares of Camden Property Trust by 35.4% in the first quarter. Morgan Stanley now owns 3,501,894 shares of the real estate investment trust’s stock valued at $281,763,000 after buying an additional 915,901 shares during the period. Prudential Financial Inc. increased its position in shares of Camden Property Trust by 234.2% in the first quarter. Prudential Financial Inc. now owns 1,074,799 shares of the real estate investment trust’s stock valued at $86,478,000 after buying an additional 753,214 shares during the period. Vanguard Group Inc. increased its position in shares of Camden Property Trust by 2.6% in the first quarter. Vanguard Group Inc. now owns 14,104,790 shares of the real estate investment trust’s stock valued at $1,134,871,000 after buying an additional 357,480 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Camden Property Trust by 51.7% in the second quarter. Russell Investments Group Ltd. now owns 774,012 shares of the real estate investment trust’s stock valued at $66,224,000 after buying an additional 263,839 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Several research firms have commented on CPT. Royal Bank Of Canada lifted their price objective on shares of Camden Property Trust from $91.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday. Barclays PLC boosted their target price on shares of Camden Property Trust from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. BidaskClub raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. KeyCorp raised shares of Camden Property Trust from a “sector weight” rating to an “overweight” rating and set a $93.00 target price for the company in a research note on Tuesday, June 13th. They noted that the move was a valuation call. Finally, BMO Capital Markets raised shares of Camden Property Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $81.00 to $89.00 in a research note on Thursday, May 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $88.38.

Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

Insider Buying and Selling by Quarter for Camden Property Trust (NYSE:CPT)

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